patrick walsh, CFO sold another 150,000 shares on 8/4 and8/5??? I just found that out by clicking insider transaction on the left of yahoo finance. I didn't see anything in my ameritrade or schwab account. I had sold my stock today before even finding that out. I see pain for small cap stocks ahead and there is nothing exciting about this stock or industry. There is a lot of competition for radio. A lot of radio stocks having poor earnings this quarter and are suggesting challenging times ahead. I'm going to look for the next stock or stocks to buy but going to hold off a little bit until we get deeper into this correction we are in.
Smuylan could be a "dinosaur"himself, too. Something important to consider. Maybe he makes a move into cable and together with print begins to think of it as a small media conglomerate as opposed to simply radio stations. Then, synergies could be built. As it is, nextradio may take time. And that doesn't include the "if" question as it may never take off.
Well.. the marketing research company concluded that the central motto should be "portable". So perhaps that author understands correctly that "coolness" has no place. Smuylan could be a lil' out of touch here. He aims at something that only "grass-root' movements can accomplish. Maybe he is a bit too old to understand that any initiative that smells corporate will defeat the "coolness" purpose. Aside from this, the author not only writes in an extravagant fashion -with too many words- but may also be missing the important aspect of nextradio of being gentle on both data and batteries. Can this be enough to make it happen? Almost all this type of ventures that made it to market were born by VCs in cahoots with the usual Stanford/Silicon Valley guys. So...
i really hope we get some support at this level. i think we will. I can't see how we get any more selling here so i bought my shares back that i had sold. We got to find some support here.
i saw that. go to the radio ink website and look for an article written by ron robinson titled Talent- no "cool" required. He is pretty much saying smulyan is getting it all wrong by focusing too much on a cool next radio.
on a day when coleman insights released their 2nd part of their research which is saying there is a strong demand for next radio, we get a big drop in price with a lot of volume. just what you would expect. i hope we don't go lower than 2.5. Lets hope this was the bottom. must be institutions and mutual funds leaving.
Investing is like this. With passage of time you come to a new understanding and the thing to do is to rethink your strategy.
I too believe nextradio maybe a too little too late type of thing and that the seemingly advantage of being free is not so much. I do listen to radio plenty while I work on my computer but there are many choices with no commercials whatsoever. I listen to earbits a lot just as background music. I wonder how they make their money... providing the music I like and zero ads.
BUT strange things happen in any industry and one day this one may too see the light. Not too long ago airlines were broke and Warren Buffett would badmouth them daily as a poor businesses. Yet with the barrel of oil above $100 they are making coin. They will charge passengers for the toilette paper by-the-inch every time taking a poop is in order. All at 10,000 feet. Can radio come up with ways to squeeze money out of customers the way the airline industry did?
Right now I am not liking this investment too much but would wait for a better opportunity to close my position. And sorry for being a downer but as a long I am frustrated. I still think that radio-wise emms has good properties. What is missing? What is really the problem?
Agreed, and I doubt that NextRadio will ever mean much. I mean, how many Millennials (AKA 20-somethings) do you know who really give a rip about radio? Wasn't that way when I was a 20-something. (I'm 59 today.)
I don't listen to EMMS stations (not in the market) but when I do tune in to commercial radio on longish car trips I'm astounded by the ratio of commercial time to content. I'd swear that it's something like 32 minutes of content and 28 minutes or commercials per hour. It is, in my opinion, to the point where it's almost unlistenable. I only do it when what's on NPR doesn't interest me. And the repetition in the commercials suggests to me that they haven't got a very broad advertiser base.
Like newspapers, the problem here is secular and actually may not be fixable. No, I'm not a closet short here to bash. I'm long at prices way below today's level but beginning to believe I made a mistake by not cashing out around the time Longtime did most of his shares.
it would be nice if a bigger company acquired EMMS and Smulyan got relieved of his CEO position. I don't understand why the CEO and CFO get paid so much salary. Last year, CEO got 2.3 MIL and CFO got 3.3 MIL. Seems pretty large considering net income from operations was only 45 MIL. I think by owning this stock, we are betting on future growth for the company. Can they double their net income is the question and they need accelerating revenue growth to do that and currently, revenue growth in this industry is not very strong. The key question is, will next radio be able to help accelerate growth for the industry.
Thanks. I am not sure how much to trust a quantitative approach as those guys have. My best investments have been investing on ONE guy. That ceo that is committed to equity and will leave no stone unturned. Now, I think Smuylan is a far cry of the Henry Singleton's of this world. No doubt he is shrewd. No doubt he understands his field. But he is not for equity, just for himself. So I regret having built a large stake here. Truth is in the world of microcaps and even small caps there are very very few Singleton's. I had great success with Chisholm at FTK. The way he dealt with equity and in particular common equity in the turnaround always showed enormous support for common shares. I was glad I was part of the building/resurgence of that company. I am disappointed on Smuylan. My view is that understanding companies' books is important and whether they show a promising business or not what really, really matters is what the CEO is made of.
the IWC index has been such a good performer all throughout last couple years. It looks like it peaked in March, right when the insiders sold a lot of stock. during last conference call, the radio local market revenue was down for the industry so maybe that signals weakness. If GDP grows, that would signal the economy is getting stronger and i would expect revenue to increase. I agree that GDP is likely to improve in next couple quarters. I am going to listen to the Cumulus Media conference call which is on Aug 6th. I want to see how they perceive the radio broadcasting industry and want to see if they mention anything about growth due to the next radio initiative. I have a feeling they will be very bullish on the industry.
I did see that there was an enterprise value investment portfolio that sold EMMS on 7/15. They had a 1.2% portfolio allocation and sold it so they owned nothing. If you click the market pulse link underneath the message board link on yahoo finance, you'll see that.
To some -or great- extent it trades with the IWC index. The microcaps that were badmouth by Yellen today. So unless there is some good news in the horizon, insider purchases or a move by the CEO this is either dead money as LTF said or something worse.
On the other hand, Smuylan said EMMS trades as the GDP does and GDP is about to improve markedly in the next few quarters. If so, will they have any pricing power to improve margins? I am stuck with my position and buyers are out of sight. Dam it.
i figure the risk to the downside out ways the potential gains to the upside. I think the chance of a surge higher here is not good. It seems like it is more probable that the stock goes lower.
They stopped taking live questions, several quarters back, after I "manhandled" them with intense questioning about the LA radio station that was being sold to the Mexican outfit. I fully suspect that was direct cause of their going to "written questions only."
I retain a modest position here....about 2% of portfolio. (At one time this was a 10%+ holding for me.) Right now, I'm a seller at $3.25-3.50, and a buyer at $2.65 and down. I didn't like all the insider selling at few months ago, in the $3's. They apparently knew things were going to be treading water for a while. This looks like dead money at $2.65-2.95.